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DAX Edges Higher As China Eases COVID Rules
(RTTNews) - German stocks were slightly higher on Friday as China's drastic policy shift towards relaxing many of its quarantine and testing requirements raised hopes of improved consumer demand.
A cautious undertone prevailed as investors braced for key U.S. inflation data due later in the day and next week's FOMC rate decision.
The benchmark DAX was up 24 points, or 0.2 percent, at 14,289 after ending flat with a positive bias the previous day.
Real estate company Vonovia SE dropped about half a percent. The company said that it intends to appoint Clara Streit as Chair of the company's Supervisory Board at the AGM on 17 May 2023.
Medical technology firm Carl Zeiss Meditec plummeted almost 8 percent after issuing a weak profit guidance for the first quarter.
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Mexico Central Bank Cuts Rate Again On High Inflation, Weak Economy
The Bank of Mexico cut its key interest for a tenth policy session in a row, on Thursday, in a bid to support the sluggish economy amid high inflation and the heightened uncertainty posed by the U.S. trade tariffs.
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33 minutos atrás
Fed's Schmid Says Current Policy Stance Only Slightly Restrictive
Kansas City Fed President and CEO Jeffrey Schmid, who supported the latest Federal Reserve rate cut, said on Thursday that the current policy stance was appropriate to strike a balance between maintaining price stability and as an insurance against any substantial weakening in the labor market in the coming months.
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2 h 18 min atrás
Swiss Market Ends Weak For 3rd Straight Day; SNB Leaves Rates Unchanged
The Switzerland market ended notably lower for a third straight session, as stocks reeled under selling pressure right through the day's trading session Thursday. Investors digested the Swiss central bank's decision to leave its policy rate unchanged.
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3 h 45 min atrás
European Markets Close Weak On Rate Uncertainty, Growth Concerns
European stocks closed broadly lower on Thursday, weighed down by concerns about Trump administration's trade policy, and uncertainty about the outlook for Federal Reserve's interest rates. Investors digested regional data, and the latest batch of economic data from the U.S.
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4 h 3 min atrás
Canadian Market Recovers From Early Setback, Down Just Marginally
Canadian stocks are down in negative territory on Thursday, extending weakness to a third straight session, amid uncertainty about the outlook for U.S. interest rates following data showing stronger than expected U.S. GDP growth in the second quarter.
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5 h 49 min atrás
U.S. Existing Home Sales Dip Much Less Than Expected In August
Existing home sales in the U.S. saw a modest pullback in the month of August, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales dipped by 0.2 percent to an annual rate of 4.00 million in August after jumping by 2.0 percent to an annual rate of 4.01 million in July. Economists had expected existing home sales to slump by 1.3 percent.
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7 h 25 min atrás
U.S. GDP Surges 3.8% In Q2, Much More Than Previously Estimated
Revised data released by the Commerce Department on Thursday showed the U.S. economy unexpectedly grew by much more than previously estimated in the second quarter of 2025. The report said real gross domestic product spiked by 3.8 percent in the second quarter compared to the previously reported 3.3 percent surge. Economists had expected the pace of GDP growth to be unrevised.
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7 h 28 min atrás
U.S. Durable Goods Orders Unexpectedly Rebound In August
After reporting a sharp pullback by new orders for U.S. manufactured durable goods over the two previous months, the Commerce Department released a report on Thursday unexpectedly showing a significant rebound by durable goods orders in the month of August. The Commerce Department said durable goods orders shot up by 2.9 percent in August after tumbling by a revised 2.7 percent in July.
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7 h 53 min atrás
